Wednesday, March 18, 2009

New tax breaks for Grad School

Posted by Jen Lynch

By David K. Randall, Forbes

If you're a recent college graduate who has already lined up a job after graduation, consider yourself lucky. Employers polled by the National Association for Colleges and Employers estimate that they will hire 22% fewer new grads this year compared to last.

But just because you've got a job doesn't mean that your classroom days are over. Adults who want to earn an advanced degree, go back to study something new, or even finish that first bachelor's degree, may be able to get a little help from Uncle Sam. While some educational tax benefits are meant for full-time undergraduates, other deductions and credits can be used to put more money into a working graduate student's pockets too.